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Updated over 10 years ago, 03/24/2014

User Stats

7
Posts
3
Votes
Rob Soete
  • Specialist
  • St. Louis, MO
3
Votes |
7
Posts

buying your second property

Rob Soete
  • Specialist
  • St. Louis, MO
Posted

This is my first post as a homeowner/investor. I recently closed on my first house and investment property, a triplex that I am owner occupying. What are some recommended ways to finance a second property? Does anyone on here have experience refinancing out of FHA ?

I'm a 22 year old, and am looking to scale my investments as rapidly possible.

My home appraised for about 16k more than I purchased, and the neighborhood I am in is expected to see a 5% rise in value this year. Would anyone cash out after the loan has seasoned?

Any advice would be very much appreciated.

Rob

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